Tuesday, 4 March 2014

What is WELFARE....???




Refers to the economic well being of an individual, group, or economy. For individuals, it is conceptualized by a utility function. For groups, including countries and the world, it is a tricky philosophical concept, since individuals fare differently. In trade theory, an improvement in welfare is often inferred from an increase in real national income.
A country that supports the welfare of its citizens will strive to increase employment, offer aid and improve overall happiness and well-being....which in Canada and especially here in Thunder Bay has not been happening as it should be for a number of years now from all levels of government in my opinion...!!!

No comments:

Post a Comment